Occidental Stock News

Occidental Petroleum press release (OXY): Q4 Non-GAAP EPS of $1.48 beats by $0.38.Revenue of $8.01B (+139.1% Y/Y) beats by $620M.Shares -0.6%.

(Reuters) – U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven crude prices to multi-year highs from pandemic-driven historic lows last year.

(Reuters) – U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven crude prices to multi-year highs from pandemic-driven historic lows last year. Global crude prices jumped more than 50% last year, rebounding from a pandemic-driven slump in demand. They averaged … Read More

Occidental Petroleum posts profit on soaring crude prices

Defense stocks were climbing after Russia invaded Ukraine; Coinbase is due to report after the close.

Occidental Petroleum (NYSE:OXY) is scheduled to announce Q4 earnings results on Thursday, February 24th, after market close.The consensus EPS Estimate is $1.10 vs

Here is a look at what to expect when two of these companies report quarterly results late Thursday and the other reports before Friday''s opening bell.

The energy sector was seeing a unanimous rally Tuesday, as Russia''s move to secure some rebel Ukraine regions led to a jump in crude oil and natural gas prices. The SPDR Energy Select Sector ETF surged 2.5% in premarket trading, with all 21 equity components gaining ground. The biggest gainers were shares of Marathon Oil Corp. , which rallied 5.1%, and Occidental Petroleum Corp. , which climbed 4.1%. Among other more active energy ETF (XLE) components, shares of Exxon Mobil Corp. gained 2.2%, Sclumberger Ltd. hiked up 3.0% and Chevron Corp. advanced 1.6%. Meanwhile, crude oil futures rallied 3.9%, natural gas futures tacked on 2.8% and futures for the S&P 500 slipped 0.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Occidental Petroleum Corp is proposing to drill new oil and gas wells less than 800 feet away (244 meters) away from some residential developments, using a provision in new state regulations put in place after a fatal gas leak.

The trading price of Occidental Petroleum Corporation (NYSE:OXY) closed lower on Tuesday, February 15, closing at $39.85, -3.35% lower than its previous close. >> 5 Best Growth Stocks for 2022 << >> 5 Best Growth Stocks for 2022 << Traders who pay close attention to intraday price movement should know that it fluctuated between $38.81 … Occidental Petroleum Corporation (NYSE: OXY) Stock Forecast: Potential To Pass $60.00 Within A Year Read More »

Big banks including JPMorgan Chase & Co and Citigroup Inc jumped 1% each. Occidental Petroleum slipped 2.5%, leading energy shares lower as oil prices dropped from a seven-year high.

Shares of energy companies, including APA Corp (US) (NASDAQ: APA ), Diamondback Energy Inc (NASDAQ: FANG ) and Occidental Petroleum Corporation (NYSE: OXY ), are trading lower as oil prices dip amid hopes of de-escalation … Full story available on Benzinga.com